Leasing

CBRE names Lesley Hudson associate director of the property management division in San Diego as the market calls for qualified leadership.

The 109,497 square foot building currently houses such tenants as Bank of America, Waypoint Residential, Zen Office and Charles Schwab, among others.

The open work area, which was designed before the novel coronavirus, is flexible to allow a variety of work stations, perhaps now requiring taller work station dividers, or desk areas spaced more than six feet apart.

New leasing activity declined at record rates as the vacancy rate jumped to 2.42%, according to the Elliman Report.

The first quarter of 2020 picked up where 2019 left off in the DFW industrial market, with significant positive absorption, asking rents increasing to meet demand and construction activity that led the nation.

Tech accounted for 18% of total office leasing in the market in 2019, just behind life sciences, the industry the market was known for.

Trion Properties dropped rents 5% to 8% in late-March and has seen a spike in leasing activity in its California portfolio.

Carmel Partners' 11-acre Cumulus District will include a total of 1,210 apartment units, along with a flagship Whole Foods Market and 50,000 square feet of retail.